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WARNING – NON AUTHORIZED ENTITY 4 – PAN-PACIFIC CAPITAL GROUP MANAGEMENT LIMITED

NATIONAL SECURITIES COMMISSION OF THE REPUBLIC OF PANAMA

https://www.pcgml.com

The National Securities Commission warns the public that through the above mentioned webpage, Pan-Pacific Capital Group Management Limited offers services that by virtue of applicable legislation is reserved to brokerage firms in or from the Republic of Panama. The web page declares that this company has its office in Panamá, Ciudad de Panamá. The mailing address announced is: World Trade Center, P.O. Box 0832-0755, Panama, Republic of Panama. As physical address the web page declares only that it is located at 53rd St Marbella ,World Trade Center Building, First Floor, Commercial Area, Panama. The telephone and fax numbers indicated in this web page are Tel – (507) 205-1914, Fax – (507)205-1802.

Pan-Pacific Capital Group Management Limited has not been issued any kind of license by the Commission, nor has it been authorized to carry out businesses as a financial intermediary of securities or investments in or from Panama. The list of all the institutions authorized by the Commission is available in our Web site in www.supervalores.gob.pa.